FULL SCREEN PRINTER VERSION BACK Question 3 Your answer is partially correct. Try again. Logan Miller started her own accounting firm, Miller Accounting, on May 1, 2017 Logan Miller wants to prepare monthly financial statements, so adjusting Journal entries are required on May 31. Selected transactions for May follow: 1. $870 of supplies were used during the month 2. Utilities expense incurred but not yet recorded or paid on May 31, 2017, 1249 3 Pald cash of $3,600 for a one-year Insurance policy on May 1, 2017. The policy came into effect on the date 4 On May 1, purchased office equipment for $11,880 cash. It is being deprecated at $10 per month for 6 months 5. On May 1, Logan signs a note payable for $12,600,6% interest 6. May 31 is a Wednesday and employees are paid on Fridays. Miller Accounting has two employees, who are paid $870 each for a five-day workweek that ends on Friday 7. On May 15, received a $1,040 advance cash payment from a dient for accounting services expected to be provided in the future. As at May 31, one half of these services had not been performed 8 Invoices representing $1,700 of services performed during the months of May have not been recorded at 31 Prepare adjusting entries for the items above. (Credit account titles are too indented when the amount is entered. Do not indent manually. If no try is required, select "No Entry for the account titles and enter for the amounts